Italy's unemployment rate unexpectedly dropped to 7.2% in March 2024, the lowest in over 15 years, from a downwardly revised 7.4% in the previous month. This compares to market estimates of 7.5%, indicating a resilient labor market. The number of unemployed people decreased by 53 thousand to around 1.855 million, while the number of employed individuals edged up by 70 thousand to 23.849 million. At the same time, the youth unemployment rate, measuring job-seekers between 15 and 24 years old, fell to 20.1% in March, from 22.4% in November, marking the lowest reading since July 2007. source: National Institute of Statistics (ISTAT)
Unemployment Rate in Italy decreased to 7.20 percent in March from 7.40 percent in February of 2024. Unemployment Rate in Italy averaged 9.42 percent from 1983 until 2024, reaching an all time high of 13.20 percent in November of 2014 and a record low of 5.90 percent in April of 2007. This page provides the latest reported value for - Italy Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Italy Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on May of 2024.
Unemployment Rate in Italy decreased to 7.20 percent in March from 7.40 percent in February of 2024. Unemployment Rate in Italy is expected to be 7.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Italy Unemployment Rate is projected to trend around 7.30 percent in 2025 and 7.20 percent in 2026, according to our econometric models.